Ethereum Scaling Project Scroll Raised $30M in Series A Round Led by Polychain Capital

Scroll, an Ethereum scaling project, has announced $30m in funding in Series A round led by Polychain Capital, with participation from Capital Crypto, Robot Ventures and others. The fund raised will be used to launch testnet and to expand the team. Scroll aims to scale Ethereum using zk-rollups, a Layer 2 technology that bundles Ethereum transactions off the main chain to support a larger number of transactions at a lower cost.